Indian Economy
Devaluation of currency leads to

increase in domestic prices
fall in domestic prices
no impact on domestic prices
erratic fluctuations in domestic prices

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to reduce the freedom given to banks to rationalize their existing branch network
to setup more foreign exchange banks
to govern entry of new private sector banks to make the banking sector more competitive
to lend more easily for industrial development

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